We are all aware that Seattle-area homes are priced high and that the market is very competitive. This article from the Seattle Times today reports that Seattle-area home prices continued to soar in January, with the second-highest annual gain among 20 U.S. metro areas, according to the S&P/Case-Shiller 20-city index. This trend will continue as long as wages and job growth continues, which is great news for folks selling their homes, but a bit more challenging for those looking for first homes or others just trying to trade-up to a new or bigger house. Read more here.
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